Online Access Free CORe Exam Questions

An aerospace company has a long-standing partnering relationship with a supplier to develop a new technology. This technology gives the buying organization a competitive advantage. Which of the following BEST describes this type of supplier?

• A.Preferred
• B.Transactional
• C.Strategic
• D.Approved

A supplier's willingness to deal with rejected materials, fill surges in orders, and provide technical support will be MOST affected by which of the following?

• A.Maintaining good supplier relationships
• B.Negotiating Inclusive terms and conditions
• C.Creating teaming agreements with suppliers
• D.Including such conditions in the statement of work

HIJ, Inc. is planning to purchase a generic, well specified item offered by many suppliers. This will be HIJ's first time purchasing an item of this type. The market is highly competitive, and HIJ has identified many pre-qualified suppliers. HIJ needs a standard weekly delivery of two full truckloads of the item to meet a fixed production schedule. In this situation, which of the following is likely to yield the BEST value for HIJ?

• A.Request for qualifications
• B.Invitation for bid
• C.Request for information
• D.Reverse auction

A supply manager is drafting a request for proposal (RFP) for courier services. Which of the following requirements is MOST likely to affect external stakeholder satisfaction?

• A.Fuel efficiency of delivery vehicles
• B.Liability insurance coverage
• C.On-time delivery
• D.Accuracy of invoices

A chief procurement officer (CPO) is asked by the company corporate travel department to present strategies and tactics related to the acquisition of travel services. Which of the following approaches will BEST demonstrate an understanding of the travel department's needs?

• A.Highlighting the negotiating of airline contracts, given that air travel represents the largest element of the budget and other travel spend categories are less important and harder to control
• B.Focusing on supply (e.g. airlines, hotels) and demand (e.g. company travel policy, classes of travel), and how supply management can optimize both
• C.Presenting benchmarks on the average costs of domestic and international airline tickets, to employ during negotiations over airline contracts
• D.Emphasizing the company-wide implementation of a corporate card as a tool to monitor every aspect of the travel spend